The Brics Bloc And Nigeria: A Partnership For Global Impact

It has been awhile since my last piece and as a youth pan-Africanist with liberal conservative views, the paradox of the Nigerian state is to say the least mind boggling. A new cliché in the Nigerian parlance is that “if anyone explains Nigeria to you and you understand he/she didn’t do a good job” because everything that sets us up and makes us operate as a country defies logic, as what will be simple straight forward decisions are caught up in a snag of self interests, corruption, nepotism, bigotry and many other ill vices.

Could this be the century of Africa, as many experts predict? At this pivotal moment, the continent stands at a crossroads: should it maintain the status quo or leap forward into a new paradigm? Both paths have compelling arguments and powerful advocates, but the unique circumstances and realities of today demand that Africa's voice is heard and respected. In an age of constant information flow, the stakes have never been higher. Nigeria, the most populous black country in the world and a burgeoning economic powerhouse, stands pivotal to Africa's bright future. With its vast resources, dynamic young population, and strategic position, Nigeria has the potential to drive the continent's resurgence. As Africa navigates its path forward, Nigeria's leadership and success could be instrumental in shaping a prosperous and empowered future for the entire continent.

Our current model as country has no clear direction but is heavily camped on the western lead and institutions of economic and social governance, which has persisted for over 60 years. Clearly this make and model of governance, economics, alliances is not sustainable, unproductive and none-progressive and will soon have us staring down the barrel. That said the subject for this article is the latter “Nigeria’s Aliance(s)”. The World Bank and IMF economic model which has existed and still exists in some form has largely in collaboration with corruption gives rise to our present state, if we must as a people and state change the narrative a lot has to change and so also our foreign policy and alignment. If the western economic advised and implemented model has us in our present predicament isn’t it wise to seek a change, except of course we are insane as a nation “Doing the same things and expecting a different result”. Hence the call for Nigeria to pivot and seek admittance to the BRICS+ group.

The emergence of the BRICS+ economic bloc as a counter weight to the western bloc indeed offers a new paradigm. BRICS+ represents a collective effort by emerging economies to create a more balanced global economic order. This bloc is crucial in world affairs because it provides an outside alternative to the bretton woods economic and monetary model and not just being counterweight to Western dominance that promotes a multipolar world, it could be Nigeria and Africa’s chance at real and holistic development. For Africa, BRICS offers a partnership based on mutual respect and shared interests rather than the current deal that leaves much to be desired. The BRIC+ block and Nigeria will make a mutual beneficial pact due to:

Economic Potential: Nigeria has the largest economy in Africa, though mostly driven by its oil and gas revenue, which accounts for a significant portion of its GDP and government forex. However, Nigeria is also diversifying its economy, with sectors such as agriculture, telecommunications, and services showing significant growth. As a BRICS member, Nigeria could further leverage its economic potential for growth and expansion, attracting investment and fostering industrialization and economic development, as members of the BRICS+ are not technology transfer adverse. This will be crucial for maximizing the economic potentials of Nigeria and her potential new partners, which will be a plus to the BRICS+ group.

Strategic Location and Influence: Nigeria's strategic location in West Africa makes it an essential player in regional politics and economics. As a gateway to West Africa, Nigeria's membership in BRICS could enhance regional integration and cooperation, promoting stability and economic growth in the region. Moreover, Nigeria's influence in the African Union and its leadership role in organizations such as ECOWAS could bolster BRICS+presence and influence in Africa.

Demographic Dividend: With a population of over 200 million people, Nigeria has a youthful demographic that presents both a challenge and an opportunity. The potential for a demographic dividend exists if this young population is effectively educated and employed. As customary for BRICS+  members truly being intentional about members development. Nigeria could benefit from knowledge transfer, educational partnerships, and capacity-building initiatives to harness its demographic potential.

Natural Resources: Nigeria abundance in natural resources, including oil, gas, minerals, and arable land cannot be overstated. These resources provide a strong foundation for economic growth and development. As a BRICS+ member, Nigeria could attract investments in infrastructure, technology, and sustainable practices to effectively harness these resources for long-term growth and development, while offering resources that powers industrialization and innovation at home and within the BRICS+ grouping.

Cultural Value: Beyond economics and politics, Nigeria’s rich cultural heritage in arts, music, movies, and tourism offers an additional dimension to its potential within BRICS+. These cultural assets not only contribute to soft power but also present avenues for cultural exchange and collaboration, enhancing global understanding and cooperation. This too has it economic angle as the music and movie industry are billion dollars industries and Nigeria has shown brightly especially on the music scene, this is a plus and win-win for both sides.

In conclusion, Nigeria's potential membership in the BRICS+ group signifies more than just economic alignment it represents a strategic shift towards a multipolar world order. It offers Nigeria the opportunity to reshape its development trajectory, diversify its alliances, and play a more influential role on the global stage. As Africa's largest economy and a cultural beacon, Nigeria has the capacity to contribute significantly to the BRICS+ bloc, fostering mutual growth, innovation, and prosperity. This partnership could mark a new chapter in Nigeria’s history, where strategic foresight meets cultural richness, paving the way for a brighter, more interconnected future for all involved.